The Principal Fellows Program (PFP) provides a competitive, merit-based scholarship loan to individuals of exceptional academic ability who have teaching or relevant experience and who desire to enter school administration in a North Carolina public school. Fellows have the opportunity to attend school on a full-time basis and earn an MSA degree in two years. The program, which is offered at eleven campuses of the University of North Carolina, provides one year of full-time academic study and a one year full-time internship in a North Carolina public school. Fellows also participate in enrichment experiences designed to enhance their preparation for a career as a principal or assistant principal. The Principal Fellows Program was created in 1993 by the North Carolina General Assembly. Over 1200 Principal Fellows have completed the Program.